Fortress Net Lease REIT

REIT / finance
Rule 506(b)
New York, New York
Amended Nov 3, 2026

Raising: Indefinite; No set size
Sold so far: $2,386,763,502
Investors: 9,186
Average check: $259,826; Sold ÷ investors
Minimum: None stated
Sales commissions: $0; Issuer's estimate

In plain English

Fortress Net Lease REIT, a real estate finance business based in New York, New York, filed an amended Form D with the SEC on Nov 3, 2026 for an offering with no set size. It reports about $2.4 billion raised from 9,186 investors. That works out to roughly $260,000 per investor. It didn't state a minimum investment.

It filed under Rule 506(b), which means the offering can't be advertised to the public. Investors in these deals usually already have a relationship with the sponsor.

How it compares

Against the 594 real estate offerings filed Oct 6 – Nov 4, 2026.

This offeringMedian

Raise sizeIndefinite vs $7.7M median

No set size, so it can't be ranked against the 460 offerings that set one.

How much is sold$2.4B sold

With no set size there's no share sold to compare.

Minimum investmentNone stated vs $50,000 median

167 of the 594 offerings didn't state one either.

Where the sponsor is based

The New York housing market

Typical home value $525KChange, 12 months 5.6%New York metro $731K

Form D lists the issuer's principal place of business, not where its properties are. Home values for Sep 2026.

See New York market data

Filing details

File number: 021-482904
Latest filing: Form D/A (amendment), Nov 3, 2026
Accession number: 0001140361-26-041825
Entity type: Business Trust
Industry group: REITS and Finance
Principal place of business: New York, New York
Exemption claimed: Rule 506(b)
First sale: Jun 1, 2023

Timeline

First sale
Jun 1, 2023
Latest amendment (Form D/A) filed
Nov 3, 2026
$2.4B sold
As reported Nov 3, 2026

Other recent filings from New York

All fund filings

This page summarizes a notice Fortress Net Lease REIT filed with the SEC. Fidelis First is not affiliated with Fortress Net Lease REIT, has not reviewed this offering and does not recommend it. Nothing here is an offer to sell or a solicitation of an offer to buy any security. Figures are as the issuer reported them on Nov 3, 2026 and may have changed since.

Sales commissions are the issuer's estimate for the whole offering, not amounts paid so far. Average check is derived: amount sold divided by number of investors. Issuers don't have to amend a Form D when sales or investor counts change, so these can lag.

Source: SEC EDGAR, Form D · As of Nov 3, 2026

Source: Data Provided by Zillow Group · As of Sep 2026